Alex Karp, CEO of Palantir Technologies, spoke on a panel entitled Power, Power, Power, and New American Century at the Hill and Valley Forum held at the U.S. Capitol Building in Washington, DC on April 30, 2025.
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Palantir Another major milestone has been reached in the rise in meteor stock. It is currently one of the 20 most valuable US companies.
The software and data analytics technology provider rose more than 2% to another record on Friday, increasing the company’s market capitalization to $375 billion. Home Depot and Proctor & Gamble. The company’s market value was already higher Bank of America and coca cola.
Palantir has more than doubled its value this year as investors bet on the company’s artificial intelligence business and bet on their close ties with the US government. Since CEO Alex Karp and others were founded in 2003, the company has steadily gained a growing list of customers.
Palantir’s US government operations revenues rose 45% to $373 million in the most recent quarter, with total revenues rising 39% to $884 million. The company will then report the results on August 4th.
Earlier this year, Palantir surged earlier Salesforce, IBM and Cisco It has become one of the top 10 high-tech companies in the US by market capitalization.
To buy stocks at these levels, investors will have to pay a large multiple. According to Factset, Palantir is currently trading at 273 times the advance revenue. The only other company in the top 20 triple digit ratios is Tesla 175.
With total revenue of $3.1 billion over the past year, Palantir is just a small portion of the size of the next smallest company by sales among the top 20 market capitalizations. Mastercardwhich is valued at $518 billion, the closest in revenue for the past four quarters, with around $29 billion.
Watch: Palantir’s Mike Gallagher: A ceasefire requires greater investment in American power
